Investing.com -- Bill provided mixed guidance Thursday, lifting its outlook earnings, but cutting revenue estimates following fiscal fourth-quarter results that surprised to the upside.
Bill Com Holdings Inc (NYSE:BILL) fell more than 3% in afterhours trading following the report.
The company reported adjusted EPS of $0.59 on revenue of $296.0 million, compared with Wall Street estimates for EPS of $0.41 on revenue of $282.2M.
The better-than-expected results were supported by improving margins to 82.2% in Q3 from 78.3% a year earlier.
Looking ahead to Q1, adjusted EPS was guided in a range of $0.48 to $0.50 and revenue between $295.5M to $298.5M.
For 2023, adjusted EPS was expected in a range of $1.82 to $1.97 on revenue of $1.29B to $1.31B. That compared with prior guidance for adjusted EPS of $1.46 to $1.48 on revenue of $1.040B to $1.043B.